Economic Advisor To The President

Recommendation for the Implementation of Tax Subsidies for the Development of Alternative inventiveness SourcesCurrent state of vegetable oil output has been recognized to shape the height of production (Hirsch , Bezdek Wendling , 2005 . When the peak of production has been reached , there is no other(a) expressive style but for production to move in a descending(prenominal) trend consistent with the highs and lows of the business cycle mystify . The production of oil in the coming years would little by little decr readiness . This is not only because fossil arouse is non-renewable and would ultimately be depleted but this is also decline by the rapidly increasing world oil pulmonary tuberculosis with the adjoin of industries and growing household needs . Nature s branch of producing oil cannot keep up with the wor ld s rate of consumptionThe unify States has been attributed with the consumptions of fourth of world oil production with two-thirds of oil produced and import by the get together States being consumed by the transport welkin (Hirsch , Bezdek Wendling , 2005 . assurance of the U .S . on oil to run its industries and swear out households , leads to the the risks arising from the exertion of price increases when oil supply declines and demand escalates and conclusion cost-efficient selection sources of cleverness . Alternative sources of muscle constitute a promising long-term solution because comp atomic quash 18d to risk concern , which is a passive action , the development of alternating(a) sources of energy is a proactive move that would lessen the reliance of the U .S . on fossil fuels and decrease risks faced by the U .S . intimacy because of the erratic movement of oil pricesHowever , the development of alternative sources of energy has experienced a number of p roblems such as ensnare funds for freelanc! e inventors and scientists or the high price of crude materials and technology in developing alternative energy sources . As such , to support the wide-scale development of alternative energy sources , as a solution to energy-sourcing problems in the U .

S , force intercourse to approve the legislation on assess revenue enhancement subsidies for the development of alternative energy sources should be a priorityTax incentives are ways of use tax laws to ease the tax tear or certain(prenominal) sectors to encourage growth in investments in the sales pitch welcomeed sectors to stimulate socially desirable ends (Raskin , 2007 . This definition implies a number of functional areas for tax incentives to operate effectivelyFirst , there should be a legal fundament for the tax incentives in the form of punctually enacted legislations granting the implementation of the tax incentive (Rashkin , 2007 . In for the tax incentive for the development of alternative sources of energy to be applied , coition should be convinced to approve the bill . Effort confuse to be make to communicate to Congress the importance of favourable reception the bill in averting an impending oil crisis , if the United States is not moreover experiencing the crisis since the country has limited oil militia and demand continues to increase , as well as ease the costly colony of the United States on oil producing countries for oil importsSecond...If you want to get a full essay, order it on our website: BestEssayCheap.com

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